New Issue: HSBC prices $28.76 million capped Leveraged Index Return Notes on gold

By Jennifer Chiou

New York, Nov. 30 - HSBC USA Inc. priced $28,755,910 of 0% capped Leveraged Index Return Notes due Dec. 5, 2014 linked to the gold spot price, according to a 424B2 filing with the Securities and Exchange Commission.

The payout at maturity will be par plus double any gold price gain, up to a maximum return of 17.7%.

Investors will receive par if the gold price falls by up to 5% and will be exposed to any losses beyond 5%.

Bank of America Merrill Lynch is the agent.

Issuer:	HSBC USA Inc.
Issue:	Capped Leveraged Index Return Notes
Underlying asset:	Gold
Amount:	$28,755,910
Maturity:	Dec. 5, 2014
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 200% of any gold price gain, capped at 17.7%; par if gold price falls by 5% or less; 1% loss per 1% drop beyond 5%
Initial level:	1,725
Threshold level:	1,638.75, 95% of initial level
Pricing date:	Nov. 29
Settlement date:	Dec. 6
Agent:	Bank of America Merrill Lynch
Fees:	2%
Cusip:	40433T695

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